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ENERGY ACCESS FUND

Sector: Solar • Location: Regional - Africa

Source: European Investment Bank (EIB)

Project
Signed

The proposed operation concerns participation in the Energy Access Ventures Fund, a private equity fund that will focus on financing SMEs active in the generation and/or distribution of electricity in sub-Saharan Africa. The fund will focus on off-grid rural electrification, and will start investing in companies with operations in East Africa before expanding to other sub-Saharan African countries

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Project Information

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The project “ENERGY ACCESS FUND” is an infrastructure initiative in the Solar sector, located in Regional - Africa. Taiyo aggregates data on it from European Investment Bank (EIB).

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Participants

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Description

Description

The proposed operation concerns participation in the Energy Access Ventures Fund, a private equity fund that will focus on financing SMEs active in the generation and/or distribution of electricity in sub-Saharan Africa. The fund will focus on off-grid rural electrification, and will start investing in companies with operations in East Africa before expanding to other sub-Saharan African countries. The majority of the investments will be in off-grid solar technology, in particular solar home systems, micro-grid infrastructure, and other small/micro-scale renewable energy and hybrid technologies.The fund has a target size of EUR 55 million and aims to provide access to electricity to at least one million low-income beneficiaries.

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Source

Source reliability

High

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Source

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URL

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